https://www.taxtmi.com/caselaws?id=24774 The Court held that the Tribunal erred in allowing the deduction claimed by the assessee for the calculation of capital employed in the industrial undertaking under section 80J. The Court determined that the assessee did not meet the conditions required for the claimed deduction. However, the Court upheld the Tribunal's decision to grant relief under section 80J for the full year, despite the factory operating for only three months, in line with established judicial precedents and tax authorities' guidance. en-us Wed, 11 May 1988 00:00:00 +0530 Fri, 22 Jan 2010 12:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24774 The Court held that the Tribunal erred in allowing the deduction claimed by the assessee for the calculation of capital employed in the industrial undertaking under section 80J. The Court determined that the assessee did not meet the conditions required for the claimed deduction. However, the Court upheld the Tribunal's decision to grant relief under section 80J for the full year, despite the factory operating for only three months, in line with established judicial precedents and tax authorities' guidance. Case-Laws Income Tax Wed, 11 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24774